Niels and Alan sit down with BlackRock’s Jeff Rosenberg to examine how the post Covid shift from too little to too much inflation is reshaping portfolios. Jeff explains why bond and equity correlations have changed, why fixed income is drifting back toward income rather than pure diversification, and how fiscal pressure and soft financial repression may influence rates. They explore what systematic really means at BlackRock, from trend ETFs and defensive alpha to market breadth and execution. The conversation ends with the rise of liquid alternatives, whole portfolio thinking and growing equity concentration risk. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to
[email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Alan on Twitter . Follow Jeff on LinkedIn. Find out more about DUNN Capital Episode Timestamps: 00:00 - Introduction, Jeff’s role at BlackRock Systematic and setting the agenda 04:09 - From too little to too much inflation and the end of divine coincidence 09:32 - Wage dynamics, “prices are too high” and persistent, not resurgent, inflation 14:48 - Bond equity correlation, the changing role of fixed income and income versus diversification 19:55 - Fiscal dominance, debt loads and the risk of soft financial repression 25:21 - What “systematic” means at BlackRock across beta, factors and pure alpha 30:44 - Trend as a systematic return stream and why...
